Why Strategy Inc. (MSTR) Went Down On Monday?
From Yahoo Finance: 2025-04-08 09:24:00
Chinese Stocks Dominated Monday’s Worst Performers, with Strategy Inc. (MSTR) taking a hit, declining 8.67% to $268.14 due to pausing Bitcoin acquisitions amidst market uncertainties. However, MSTR recently made its largest Bitcoin acquisition of 22,048 Bitcoins for $1.92 billion. Investment firm TD Cowen reaffirmed a Buy rating and $550 price target.
Wall Street’s main indices had a mixed close on Monday amidst escalating global trade tensions. The Nasdaq was the only gainer, up 0.10%, while the Dow Jones fell 0.91% and the S&P 500 dropped 0.23%. Investors moved away from Chinese stocks, causing a sell-off in 10 companies to minimize risks from the trade war.
MSTR’s drop on Monday was due to news of pausing Bitcoin acquisitions, affecting investor sentiment. However, a recent large Bitcoin acquisition and a Buy rating from TD Cowen with a $550 price target may boost its strategy. Trump’s support for the cryptocurrency industry could also benefit MSTR and other Bitcoin mining giants.
MSTR ranks 6th on the list of Chinese stocks that performed worst on Monday. While MSTR shows potential, AI stocks are believed to offer greater returns in a shorter time frame. Consider exploring AI stocks for promising investments, with one particular AI stock trading at a discount and showing potential for growth.